Accounting & CFO

Accounting & CFO

Standard inclusions (fixed monthly fee)

Appointed Chief Financial Officer (CFO)

Financial Reporting

  • Preparation of Interim and Annual Report (Financial Statement and Disclosure Notes)
  • ASX quarterly report
  • Ad hoc financial reporting
  • Tenement expenditure reports prepared for tenement manager (if applicable)

Audit Management

  • Key liaison with Company’s external auditor(s)
  • Responsible for driving the audit process through to sign off

Management Reporting

  • Monthly management reporting
  • Cash flow management and reporting

Budgeting

  • Prepare annual budget (with input from management)

Consolidation

  • Consolidation of parent and subsidiary entities
  • Incorporate foreign subsidiary financial statements (provided by in-country accountant)

Subsidiary Entity(s) Compliance

  • Preparation of any statutory financial reports (i.e. subsidiary entities)

Bookkeeping / MYOB

  • Implement accounting processes and internal control systems
  • Transition from existing accounting system to MYOB
  • Maintain chart of accounts
  • Maintain MYOB accounting system (including chart of accounts and general ledgers)
  • Electronic scanning of accounting records
  • Retain orderly accounting books and records (stored electronically)
  • Creditor payment runs
  • Sales invoicing / debtors
  • Reconciliation of balance sheet accounts

Payroll

  • Secure and confidential payroll processing and reporting
  • Superannuation payments and SuperStream reporting

Banking

  • Bank account administration (users, authorised signatories, opening / closing accounts, access)

Tax Compliance

  • With assistance from Company’s external tax advisors (if required)
  • Liaison with taxation advisors and Australian Taxation Office
  • Company tax return
  • FBT returns
  • BAS/GST returns and lodgment
  • PAYG reporting and lodgment
  • Payment summaries
  • ESS reporting

Other

  • S295 Attestation annual sign off as chief financial function /audit management representation letters
  • Introduction to and liaison with auditors, insurers, bankers, tax advisors, share registry, corporate lawyers (as required)

Non-standard (additional fee)

  • Facilitation of any regulatory investigations
  • Significant transactions (refer Other (Transactions))
  • Managing the book building process for capital raisings

Exclusions / Not Provided

  • We are not registered Tax Agents or BAS Agents (services not provided)
  • We are not registered company Auditors (services not provided)
  • We do not provide investment advice
  • We are not hold an AFSL License
  • Valuations
  • Human Resources services
  • Storage of hard-copy accounting records (records maintained electronically)